Private Student Loan Consolidation

A private consolidation loan combines private loans into one loan allowing borrowers to make one simple monthly payment rather than multiple payments. Consolidation may also lower your monthly payment and consolidate loans that cannot be consolidated into a federal consolidation loan.

You should never consider bundling your federal and private loans into a single private consolidation loan. Federal loans can be consolidation through the federal consolidation program which provides unique advantages and we discourage borrowers from sacrificing these federal benefits by consolidation their federal loans into a private consolidation loan.

Depending on the particular private consolidation loan, you may or may not be able to consolidate every type of private student loan. In many cases, adding a qualified cosigner could potentially lower monthly payments. And sometimes, a co-signer release is available.

^* Think Financial refers applications to Simple Tuition, a leading student loan comparison site, and is paid a fee for this referral.